Sandhin Department Store sells gift certificates that are redeemable in merchandise. During 2017, Sandhill sold gift certificates for $83,700. Merchandise with the total price of $54,400 was redeemed during the year. The cost of the sold merchandise to Sandh was $30.00 Sandhed on corticates for the first time in 2017. Racord the sale of the gift certificates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no antry is required, sein "No entry for the accounts and enter for the amounts) Accountries and Explanation Debit Credit (Soldiers.) Record the redemption during 2017. Assume that Sandhill uses the perpetual inventory method. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Account Tities and Explanation (Made sales.) (Cost of inventory sold) LICOUNT Compute the balance in the neared revenue account as of December 31, 2015, assuming that it certificates were sold for $57,600 in 2015 and merchandise with a total price of 572,100 wordeemed Balance in the named Revenue Account